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Dec 6, 2012
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washington voters approved it last month's election so let me throw this at you. there's ground rules here. you have to be over the age of 21. you can have up to an ounce in your possession. no more. and despite seattle's overnight smoke fest, you are not supposed to light up a joint in public. here's a big catch. you still have to go underground to get it. growing and selling pot illegal. at least for now they are. miguel marquez has the story in seattle. miguel? >> reporter: brooke, for pot smokers here in washington state, it is a day for celebration and partying. the legalization of pot. but proponents of this initiative say this is only the first step. this is what you assume the stores will look like? >> yeah. our stores are going to have the feel of a fine cigar shop. >> reporter: jaman was at microsoft and preparing to open as many as two dozen high end marijuana shops in washington and colorado. yesterday he'd be called a drug dealer. today, an entrepreneur. >> our target market is baby boomers. folks tried it in college a couple times, maybe they didn't
washington voters approved it last month's election so let me throw this at you. there's ground rules here. you have to be over the age of 21. you can have up to an ounce in your possession. no more. and despite seattle's overnight smoke fest, you are not supposed to light up a joint in public. here's a big catch. you still have to go underground to get it. growing and selling pot illegal. at least for now they are. miguel marquez has the story in seattle. miguel? >> reporter: brooke, for...
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Dec 10, 2012
12/12
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i am frustrated the rnc did not launch it before the election. they claim they did not have funding for it. which boggles the mind when you think of the rnc. they raised a lot of money. i think if they had launched it, it could have put activities behind it. it could have had meaningful impact. the decision was made not to. that speaks to what i was talking about earlier. we cannot give lip service to, we are the party of inclusion. we mean it. we really do. it was an epic fail 2012 in my opinion. >> let's watch and get your reaction. [video clip] >> there are all types of proposals. that is what we need right now. if we had some more targeted solutions, we would move down the road. it has been really hard to get anything accomplished. >> that was back in april, 2012. what do you think? would you have been behind the president's jobs bill? >> i would not. i think it is a bunch of poppycock. the president wanted $400 billion more funding from congress to support his jobs bill, which was going to create jobs for what i would consider his winners an
i am frustrated the rnc did not launch it before the election. they claim they did not have funding for it. which boggles the mind when you think of the rnc. they raised a lot of money. i think if they had launched it, it could have put activities behind it. it could have had meaningful impact. the decision was made not to. that speaks to what i was talking about earlier. we cannot give lip service to, we are the party of inclusion. we mean it. we really do. it was an epic fail 2012 in my...
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Dec 3, 2012
12/12
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which got him elected after all. saying, this is my wish list, this is in a perfect world, this is what i would do. i don't think anyone at the white house expected the republicans to say, oh, thank you mr. president, yes, this looks lovely. let's go on and work on a deal. no, that's not what it was. the white house -- this is alfonse gaston a little bit here. and so they're waiting for the republican response. and what they're really talking about, brooke, is getting some kind of a first step. a down payment. ironically they all know what -- in the big picture needs to be done. they know you have to fix entitlements, do something on the tax side, but they're trying to figure out how to get from here to there. >> and let's just stop there, because let's say the white house now presented a here. how long do we have to wait for the republicans to come forward with the there? >> well, i think what we're going to end up with probably is a smaller here that gets us to something that they're going to need to work on in the
which got him elected after all. saying, this is my wish list, this is in a perfect world, this is what i would do. i don't think anyone at the white house expected the republicans to say, oh, thank you mr. president, yes, this looks lovely. let's go on and work on a deal. no, that's not what it was. the white house -- this is alfonse gaston a little bit here. and so they're waiting for the republican response. and what they're really talking about, brooke, is getting some kind of a first step....
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Dec 4, 2012
12/12
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he won the election. also, the romney supporters, by better than 50% margin and exit polls, supported that policy. so the president knows he's got the american people behind him. and this is not a debt ceiling situation where we're literally going to default on our debt. we have got this fiscal cliff date, but it is really more of a slope. so i am confident that the president is hanging in there because it makes sense for him to do and i think he's really convinced the american people support him and it is good for the economy. >> okay. congressman peter welch, thank you so much for joining me from the hill. we'll see 28 days to go whether in fact we go over the slope or not. >>> up close look at how servicemen and women train for this. the horrors of war. the role amputees are playing to prepare others for life in combat. don't miss this report. [ ding! ] losing your chex mix too easily? time to deploy the boring-potato chip decoy bag. then no one will want to steal the deliciousness. [ male announcer ]
he won the election. also, the romney supporters, by better than 50% margin and exit polls, supported that policy. so the president knows he's got the american people behind him. and this is not a debt ceiling situation where we're literally going to default on our debt. we have got this fiscal cliff date, but it is really more of a slope. so i am confident that the president is hanging in there because it makes sense for him to do and i think he's really convinced the american people support...
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Dec 8, 2012
12/12
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we won the election. poll after poll tells us. the american people understand president and the speaker alone in negotiations. what are your thoughts on that? >> well, it shouldn't just be the speaker and the president. it should be the voice of the american people. it should be the senate and should be the house. on these issues, ed, the election mattered. and poll after poll tells us the same thing. not a lot of debate but that's what the american people want. >> that's not getting through to speaker boehner. he just will not move on rates. >> well, that's right. and that is why the president and the democrats have got to stand tall. the democrats must not snatch defeat out of the jaws of victory. we have the american people on our side. we won the election. poll after poll tells us. the american people understand that the wealthiest people are doing phenomenally well. their tax rates are low. meanwhile, the middle class is disappearing, and they're in a lot of trouble. yes, the wealthy and large corporations must be asked to pl
we won the election. poll after poll tells us. the american people understand president and the speaker alone in negotiations. what are your thoughts on that? >> well, it shouldn't just be the speaker and the president. it should be the voice of the american people. it should be the senate and should be the house. on these issues, ed, the election mattered. and poll after poll tells us the same thing. not a lot of debate but that's what the american people want. >> that's not...
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Dec 10, 2012
12/12
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these are the folks who helped elect the president not too long ago. should the president step in and go to bat for them? >> well, you know, the unions have been enormously supportive of the president as you point out. not only during this campaign, not only as foot stole jer sold helping get out the vote, but also financially with their dollars. the white house already expressed its support for the unions opposing right to work legislation. one of a white house official put out a statement today, matt lairic, saying in part, let me find the statement, president obama has long opposed so-called right to work laws and he continues to oppose them now. the president believes our economy is stronger when workers get good wages and good benefits. and he opposes attempts to -- he opposes attempts that -- can we change the graphic? >> it is up on the screen. >> he opposes the -- roll back their rights. michigan and its workers' role in the revival of the u.s. automobile industry is a prime example of how unions have helped build a strong middle class and stro
these are the folks who helped elect the president not too long ago. should the president step in and go to bat for them? >> well, you know, the unions have been enormously supportive of the president as you point out. not only during this campaign, not only as foot stole jer sold helping get out the vote, but also financially with their dollars. the white house already expressed its support for the unions opposing right to work legislation. one of a white house official put out a...
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Dec 7, 2012
12/12
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this is a device i have issue after the election. we had a ballot proposal that brought up a lot of labor issues. this is one that continued. it's a device i have issue. it's my position let's take leadership and address it in a positive way to starched up for the worker and be preworker and let's move forward, get it behind us and continue the reinvention of michigan about more and better jobs and a future for our kids. >> in terms. reinventing michigan, let me just zero in on one city in your state, detroit, 18.9% unemployment which is absolutely deplorable for the people of detroit. what do you intend to do or what can you do? what can the state do to try to help the city? one city council men last night said as a quid pro quo she wants the president to bail them out. what do you plan to do about detroit? >> we are going to continue working with the city. we did a consent agreement with them earlier this year that called for a number of actions to happen because we do need better services for the citizens of detroit. they deserve
this is a device i have issue after the election. we had a ballot proposal that brought up a lot of labor issues. this is one that continued. it's a device i have issue. it's my position let's take leadership and address it in a positive way to starched up for the worker and be preworker and let's move forward, get it behind us and continue the reinvention of michigan about more and better jobs and a future for our kids. >> in terms. reinventing michigan, let me just zero in on one city...
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Dec 5, 2012
12/12
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they don't have an election until november of 2014. they need to say look, you want to negotiate seriously, we'll sit down and talk. you don't want to negotiate seriously, the country will survive going off this cliff. it's largely a factor in terms of american history, the people will not look back on as a giant tragedy. we need to have serious effort to get this country reorganized and i see no sign that the political system today is at all prepared for that kind of serious thinking. >> but what is so serious about the thinking of a party that just is implacably opposed to raising income tax even for the richest 2%? because the american people don't give a stuff. in all the polls, two-thirds of them are yes, let's tax the wealthiest 2% and by the way, that's me and you, newt. i don't know about you, i'm quite happy to pay a little bit more if it helps the general good. are you? >> well, piers, i'm happy for you to pay it, too. if you want to write a check this evening, the treasury will accept it. i'm delighted with your sense of cit
they don't have an election until november of 2014. they need to say look, you want to negotiate seriously, we'll sit down and talk. you don't want to negotiate seriously, the country will survive going off this cliff. it's largely a factor in terms of american history, the people will not look back on as a giant tragedy. we need to have serious effort to get this country reorganized and i see no sign that the political system today is at all prepared for that kind of serious thinking. >>...
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Dec 9, 2012
12/12
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it would take the wealth out of the election and it would make elections less expensive. it would be something you could apply to the dead or given back to the government to that 50%. it would fund some of these programs. guest: that's an idea i have not heard of but it would be an interesting proposal, especially the idea that there would open up the tax code and there aren't there -- there are different codes in the irs of there would have to be legislative action. that could be an interesting twist to find revenue. host: our next caller is mark from san diego. good morning. go ahead, mark. caller: vision are really blame the president for all these problems because the walked into it. he's doing a good job. he does need to let him do what he does and it will be all right. host: politico as information on who benefited most. any information? guest: where bogus. what is going happen next in the future. host: speaking of profits, who is profiting on the discussion of the debt ceiling in the fiscal cliff? guest: p.r. firms, law firms, lobbyists. they're trying to make this
it would take the wealth out of the election and it would make elections less expensive. it would be something you could apply to the dead or given back to the government to that 50%. it would fund some of these programs. guest: that's an idea i have not heard of but it would be an interesting proposal, especially the idea that there would open up the tax code and there aren't there -- there are different codes in the irs of there would have to be legislative action. that could be an...
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Dec 10, 2012
12/12
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there was an election on saturday. we'll tell you -- remind you where it was. plus, mitt romney took a ringside seat for a post election bout watching a member of congress fight. we'll tell you where that person is a member of congress. >>> a guy who knows how to throw a punch announced he's coming to washington. how many u.s. presidents also served as secretary of state? and who was the last one? [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now you're protected. pre
there was an election on saturday. we'll tell you -- remind you where it was. plus, mitt romney took a ringside seat for a post election bout watching a member of congress fight. we'll tell you where that person is a member of congress. >>> a guy who knows how to throw a punch announced he's coming to washington. how many u.s. presidents also served as secretary of state? and who was the last one? [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a...
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Dec 9, 2012
12/12
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elections. so, let me just quote one final citation in closing from the egyptian muslim brotherhood's web site before they realized everyone was reading it and then learned the lesson of western p.r. quote, if democracy means that people decide who leads them, then we accept it. if it means that people can change the laws of allah and follow what they wish to follow, then it is not acceptable. that's the heart of the story and it is not the path to democracy. thank you. >> it's getting a little feisty here. but bring up brian. >> it's great to be here. i love the spirit of this. i'm probably going to bring this back a notch. i think a big part of this is the definition aspect of what is is lama, who was winning how much? pay attention to those details. i want to make three points. two to the motion and another about policy. number one and, i think the question of islam and democracy and whether it is compatible, not what we are debating, is the charm of the irrelevant question. you have many mus
elections. so, let me just quote one final citation in closing from the egyptian muslim brotherhood's web site before they realized everyone was reading it and then learned the lesson of western p.r. quote, if democracy means that people decide who leads them, then we accept it. if it means that people can change the laws of allah and follow what they wish to follow, then it is not acceptable. that's the heart of the story and it is not the path to democracy. thank you. >> it's getting a...
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Dec 8, 2012
12/12
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we won the election. poll after poll tells us. the american people understand that the wealthiest people are doing phenomenally well. their tax rates are low. the middle class is disappearing and they are in a lot of trouble. the wealthy and large corporations must be asked to play a significant role in deficit reduction. we must not not social security. that's clearly what the american people believe. and the president, democrats have got to hold firm and when they do, it will finally be the republicans that come to the table rather than just the democrats coming in as has been the case in the past. >>> bernie sanders, appreciate your time. >>> coming up, the fight over the fiscal cliff is putting american jobs at risk. one of these congressional members is lying about the problem. we'll use the newest job numbers to get to the truth next. >>> and republicans in michigan are ramming through antiunion legislation and hurting middle class americans in the process. the people of michigan are outraged. we're talking to lansing, michi
we won the election. poll after poll tells us. the american people understand that the wealthiest people are doing phenomenally well. their tax rates are low. the middle class is disappearing and they are in a lot of trouble. the wealthy and large corporations must be asked to play a significant role in deficit reduction. we must not not social security. that's clearly what the american people believe. and the president, democrats have got to hold firm and when they do, it will finally be the...
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Dec 4, 2012
12/12
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you cannot have what i offered you before the election. what election? that's how the republican house speaker is playing the game this week. maybe in the world of the beltway and the sunday morning talk shows, maybe that makes sense. in the real world, here's what happened. here's the bigger picture. our economy broke very, very badly. not long ago on a historic scale. now in the real world, we are having these tiny little glimmers of recovery of economic growth. the first blue bar, that's when the stimulus bill went into effect. the stimulus kicks in and the economy starts to grow after having fallen off a cliff. that's the real cliff. just the other day, we learned our latest glimmer of growth was bigger than we had thought it was, which was awesome. the bad news, though, is that we are in danger of falling back. we are in real danger. the deficit is not the biggest problem in the country. the deficit is shrinking by hundreds of millions of dollars every year the president has been in office. to the extent we need to use debt to accomplish other goals
you cannot have what i offered you before the election. what election? that's how the republican house speaker is playing the game this week. maybe in the world of the beltway and the sunday morning talk shows, maybe that makes sense. in the real world, here's what happened. here's the bigger picture. our economy broke very, very badly. not long ago on a historic scale. now in the real world, we are having these tiny little glimmers of recovery of economic growth. the first blue bar, that's...
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Dec 4, 2012
12/12
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last election. after this election, they went down. they went from 24 down to 20. a net loss of four. today that net loss of four became a net loss of five because jo ann emerson of missouri's 8th district just announced that she's quitting. she was just reelected to her ninth term in congress. 72% of the vote. but she's stepping down to become ceo of the national rural electric cooperation. basically, she's stepping down to be a lobbyist. by her leaving, the proportion of women among the republicans in congress drops into the single digits in the 21st century and maybe they will keep doing these ornate gymnastic backbends to make it look like that is not true. [ woman ] too weak. wears off. [ female announcer ] stop searching and start repairing. eucerin professional repair moisturizes while actually repairing very dry skin. the end of trial and error has arrived. try a free sample at eucerinus.com. ...but he'd wait for her forever, for any reason, and would always be there with the biggest welcome
last election. after this election, they went down. they went from 24 down to 20. a net loss of four. today that net loss of four became a net loss of five because jo ann emerson of missouri's 8th district just announced that she's quitting. she was just reelected to her ninth term in congress. 72% of the vote. but she's stepping down to become ceo of the national rural electric cooperation. basically, she's stepping down to be a lobbyist. by her leaving, the proportion of women among the...
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Dec 6, 2012
12/12
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just days after the president's re-election, the f.h.a. released its 2012 actuarial report which revealed that the economic value of the f.h.a. fund has fallen to negative $16 billion. a lot of money. that means the fund's capital reserve ratio, as i understand it, now stands at a negative 1.44%. this news is obviously very disturbing to us and to the secretary. for those of us who have long been concerned about the health of the f.h.a. for years the problems of the federal housing administration have been well-known. during the housing boom, the f.h.a. unweissly, i thought, guaranteed -- unwisely, i thought, guaranteed millions of risky mortgages with low down payments to borrowers with poor credit scores. we are reaping that now. these mortgages have resulted in billions of losses to the f.h.a. the federal housing administration has made matters worse, i think, by failing to come to grips with the magnitude, mr. secretary, of the problems. back in 2007, as the federal housing administration's poor financial position was becoming clear to
just days after the president's re-election, the f.h.a. released its 2012 actuarial report which revealed that the economic value of the f.h.a. fund has fallen to negative $16 billion. a lot of money. that means the fund's capital reserve ratio, as i understand it, now stands at a negative 1.44%. this news is obviously very disturbing to us and to the secretary. for those of us who have long been concerned about the health of the f.h.a. for years the problems of the federal housing...
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Dec 5, 2012
12/12
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>> it was an election and it was a very close election. if you look at the nims and the differences between the two. i think the republican party can do a better job of limited government and freep enterprise movement and connect those policies. >> why has there been a failure to connect? >> i'm not sure there is one reason for it and i haven't had time to think about it why it has happened but it needs to happen. the principles we stand for, free enterprise and limited government is the only way to stabilize and grow our middle class which i hope every american can attain. >> how worried are you about the republican chances -- >> you mean from the voters' perspective. the demographic changes? i don't think any voter in america -- there are voters that are locked into one party or the other but the fastest growing group is people who vote for candidates and not parties and people understand the issues and hopes that they have and offer real and concrete policy situations and real role for government to play in addressing those angst yits t
>> it was an election and it was a very close election. if you look at the nims and the differences between the two. i think the republican party can do a better job of limited government and freep enterprise movement and connect those policies. >> why has there been a failure to connect? >> i'm not sure there is one reason for it and i haven't had time to think about it why it has happened but it needs to happen. the principles we stand for, free enterprise and limited...
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Dec 7, 2012
12/12
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our people in an overwhelmingly matter supported the re-election of this president and there ought be to a quid pro quo and we ought to exercise leadership on that. not just that, but why not? >>neil: what do you thing 1/2? >>guest: it is unfortunate. that is one council woman's comments. a challenge in detroit the city council and the mayor have not been on the same page. they are running out of time. they have been in a financial crisis if a long-term and it is an emergency. i am asking, actually, for a review to go in and spend 30 days starting next week to say, what is the situation on the ground and get things done or we have to look at other options. >>neil: her comments highlight what has been an attitude by unions and others to seize the moment and the initiatives and say president obama, we helped bring you this election and there is much to be said. they brought out the vote. the passion vote forment mit, the passion never turned out for the republicans but it did on the democratic side and they want a reward. what do you think of that? >>guest: i would not overread. that is
our people in an overwhelmingly matter supported the re-election of this president and there ought be to a quid pro quo and we ought to exercise leadership on that. not just that, but why not? >>neil: what do you thing 1/2? >>guest: it is unfortunate. that is one council woman's comments. a challenge in detroit the city council and the mayor have not been on the same page. they are running out of time. they have been in a financial crisis if a long-term and it is an emergency. i am...
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Dec 8, 2012
12/12
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>> the president is in this debate with the greater leverage by virtue of his re-election and the fact he campaigned the issue at the core of these negotiations, raising rates on high income. this report i don't see as changing the dynamic much at all. it was one of these reports that both side could and did day care from it what they wanted to. even at 146,000, that's not at a level high enough to be bringing back into employment a lot of people that lost their jobs. gwen: there's a public dynamic, which we just say -- saw, the president and speaker. then we hope, we assume, they're a private dynamic going on. what do we know about that? >> if you talk to the speaker of the house and his statue they say there are negotiations going on between the speaker and the president. on thursday the staffs met and hashed some things out. i'm told they're going to continue talks through the weekend now, so there's something going on here behind the scenes. what we don't know but publicly they continue to fire off artillery barrageses. part of it is they can't admit they have a deal until they hav
>> the president is in this debate with the greater leverage by virtue of his re-election and the fact he campaigned the issue at the core of these negotiations, raising rates on high income. this report i don't see as changing the dynamic much at all. it was one of these reports that both side could and did day care from it what they wanted to. even at 146,000, that's not at a level high enough to be bringing back into employment a lot of people that lost their jobs. gwen: there's a...
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Dec 5, 2012
12/12
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on friday, we'll get our first post election look at how many jobs are being created. and the early forecasts are not good. cnn money forecasts just 77,000 net jobs created in november. that's far fewer than the 171,000 that were added in october. a lot happened last month. superstorm sandy, labor turmoil at hostess and business uncertainty because our elected officials won't get their act together and deal with the fiscal cliff. brace yourself for a job number that could be even lower than the already weak forecast. i hope i am wrong about that. from the cnn money newsroom in new york, i'm ali velshi. that's it from me. same time tomorrow. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today. plays a key role throughout our lives. one a day men's 50+
on friday, we'll get our first post election look at how many jobs are being created. and the early forecasts are not good. cnn money forecasts just 77,000 net jobs created in november. that's far fewer than the 171,000 that were added in october. a lot happened last month. superstorm sandy, labor turmoil at hostess and business uncertainty because our elected officials won't get their act together and deal with the fiscal cliff. brace yourself for a job number that could be even lower than the...
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engage in policies that damage everyone's wellbeing over the long term looking out for their own re-election prospects. >> wait, wait. >> they're really political rather than looking out for the long-term interests of the citizens, their states and also the country as a whole. >> last i checked -- >> beforehand rather than subsidize development and dangerous areas and that's moral hazard and that's something that's bringing the country to the knees economically. >> last i checked you look out for yourself. >> that's public servants are supposed to do, roland. >> no. in new york, you are concerned about new york and not california. you focus on where you are. that's the reality. >> all right. we are going to hit pause there. please let us know what you think about that conversation on twitter and facebook page. >>> next, when's a bigger insult? being called, you know, lame duck congress or new york jet? ts to test the 2.0-liter turbo engine. [ engine revs ] ♪ [ derek ] 272 horsepower. the lightest in its class. the cadillac ats outmatches the bmw 3 series. i cannot believe i have ended the
engage in policies that damage everyone's wellbeing over the long term looking out for their own re-election prospects. >> wait, wait. >> they're really political rather than looking out for the long-term interests of the citizens, their states and also the country as a whole. >> last i checked -- >> beforehand rather than subsidize development and dangerous areas and that's moral hazard and that's something that's bringing the country to the knees economically. >>...
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Dec 9, 2012
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they did exactly well in the october elections. they are in a prime position to exploited the crisis in the regime. i don't think maduro is a shoo-in necessarily. >> he added if he were to be elected president of venezuela he would be as every bit as bad as u.s. ever since chavez took over venezuela his country as taken on a steady anti-american tone. he developed friendships with some of the world's worst dictators. no now, at least publicly chavez appears to be up for the continuing battling with cancer telling his people, quote, with god's will we will come out of this victorious. i have faith in that. that is a quote from chavez. >> gregg: arthel nevil, thanks. >> heather: as we mentioned we have just learned that president obama and house speaker john boehner met today at the white house to talk about ways to resolve the fiscal cliff. meanwhile, we have brand-new reaction from lawmakers from both sides of the aisle speaking out today with just weeks left to reach a deal and little reported progress. the fight appears to be mov
they did exactly well in the october elections. they are in a prime position to exploited the crisis in the regime. i don't think maduro is a shoo-in necessarily. >> he added if he were to be elected president of venezuela he would be as every bit as bad as u.s. ever since chavez took over venezuela his country as taken on a steady anti-american tone. he developed friendships with some of the world's worst dictators. no now, at least publicly chavez appears to be up for the continuing...
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the second thing is the uncertainty of the election which held back business investment. for quarter definitely will be weak but the next year i think 2.5 to 3% growth. >> thank you. dave: one of the smartest people in america, no doubt. thank you, good to see you. the clock is ticking away to major tax hikes for everybody. john boehner saying there is no progress to report. so what is going on inside the beltway? we will head there to try to find out. brian led that tells us how the new 60-40 portfolio should look. [ woman ] ring. ring. progresso. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... onyour head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. . . . .. david: come january 1st, no matter which tax plan is put in place the federal government will still spend trillions of dollars each year. lauren: we talked taxes. now let's former cbo director says these cuts fail to control the greatest deficit challenge, federal health care spe
the second thing is the uncertainty of the election which held back business investment. for quarter definitely will be weak but the next year i think 2.5 to 3% growth. >> thank you. dave: one of the smartest people in america, no doubt. thank you, good to see you. the clock is ticking away to major tax hikes for everybody. john boehner saying there is no progress to report. so what is going on inside the beltway? we will head there to try to find out. brian led that tells us how the new...
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he could be concerned about every citizen in the state that he was elected to serve. his job -- those are his constituents and that's his job. >> look, i see where you come from. we have to think about this in a broader sense. if every state is looking out for itself, there's going to free ride. they're going to engage in policies that damage everyone's well-being over the long term by looking out for their own re-election prospects. these guys are being political rather than looking out for the long-term interests of their citizens, their states and also the country as a whole. rather than sub sid dies development in really dangerous areas. that's called moral hazard, and that's something that's really bringing the country to its knees economically. >> last i checked, you look out for yourself. you might say that's not a great idea, if you're in new york -- actually, no, if you're in new york you're concerned about new york and not about california. you focus on where you are. that's a reality. >> all right. thanks very much to both of us. please let us know what you
he could be concerned about every citizen in the state that he was elected to serve. his job -- those are his constituents and that's his job. >> look, i see where you come from. we have to think about this in a broader sense. if every state is looking out for itself, there's going to free ride. they're going to engage in policies that damage everyone's well-being over the long term by looking out for their own re-election prospects. these guys are being political rather than looking out...
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Dec 7, 2012
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just days after the president's re-election, the f.h.a. released its 2012 actuarial report which revealed that the economic value of the f.h.a. fund has fallen to negative $16 billion. that means the fund's capital reserve ratio now stands at a negative 1.44%. this news is a very disturbing to us and to the secretary. for those of us who have been concerned about the health of the f.h.a. for years, the problems of the federal housing administration have unwell loan. during the housing boom, the f.h.a. guaranteed millions of risky mortgages with low down payments. we are reaping that now. these mortgages have resulted in billions of losses to the f.h.a. the federal housing administration has made matters worse by failing to come to grips with the magnitude, mr. secretary, of the problems. in 2007, as the federal housing administration's poor financial position was becoming clear to all, including this committee, i urged the f.h.a. to devise a credible plan to improve its finances. i stated then "before the taxpayers are faced with greater l
just days after the president's re-election, the f.h.a. released its 2012 actuarial report which revealed that the economic value of the f.h.a. fund has fallen to negative $16 billion. that means the fund's capital reserve ratio now stands at a negative 1.44%. this news is a very disturbing to us and to the secretary. for those of us who have been concerned about the health of the f.h.a. for years, the problems of the federal housing administration have unwell loan. during the housing boom, the...
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Dec 6, 2012
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not surprisingly it is the side that won the presidential election. we will be right back. >>> quarter past the hour. mohamed morsi is still speaking. he says he feels sorry for those killed on both sides in the violence around the palace. this from the live speech which is on going. the hope was certainly of western observers that this man who has made himself a dictator would back down and submit to the will of the people. at least those not of the muslim brotherhood. that has not happened. he said we must trans send our differences. the will of the people cannot be suppressed by angry crowds. the will of the people must not be suppressed by anger. he says he prays that god will guide them through it. and he prays that god will safeguard the repercussions of the storm. he says the egyptian people are aware of your value. i stated clearly and openly i cannot tolerate that any person perpetrate any killing or vandalism. so it sounds like he is either not in touch with what is happening or very much in touch with the fact that he set himself up as a di
not surprisingly it is the side that won the presidential election. we will be right back. >>> quarter past the hour. mohamed morsi is still speaking. he says he feels sorry for those killed on both sides in the violence around the palace. this from the live speech which is on going. the hope was certainly of western observers that this man who has made himself a dictator would back down and submit to the will of the people. at least those not of the muslim brotherhood. that has not...
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Dec 8, 2012
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in the 2010 election cycle, he was one of the strongest voices is he h would a lost our way that we'd lost our way in washington. jim is a kind, sincere man, an individual who is a joy to be around. when it comes to what's going on america, jim undstands that if we don't make some changes we're going to lose our way of life. that's what's driven him above all else, to try to keep our country a place to be place where you can be anything. i look forward to working with jim in the private sector. from a personal point of view, we've had a great ride together. it has been fun. it has been challenging, and i think we put south carolina on the map in different ways at different times, and to people back in south carolina, i hope if you get to see jim anytime soon, just say "thank you." because whether you agree with him or not, he was doing wt he thought was best for south carolina and the united states. at the end of the day, that's as good as it gets. because if you're doing what you really believe in and you're not worried about being the most popular and people getting mad ought, then
in the 2010 election cycle, he was one of the strongest voices is he h would a lost our way that we'd lost our way in washington. jim is a kind, sincere man, an individual who is a joy to be around. when it comes to what's going on america, jim undstands that if we don't make some changes we're going to lose our way of life. that's what's driven him above all else, to try to keep our country a place to be place where you can be anything. i look forward to working with jim in the private sector....
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Dec 6, 2012
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they are feeling so good about the election, they have forgotten they have a duty to govern. a lot of people are going to suffer a lot if we go off the cliff. that is why we assumed democrats would have preferred to avoid it. we thought this was the perfect opportunity to do something. apparently we were wrong. >> at the beginning of wednesday's one house briefing, jason furman told reporters the plan to close loopholes and lower tax deductions would ultimately hurt the middle class. this is 10 minutes. >> thanks for being here. good afternoon. i, as you can see, have brought a guest. jason furman is the principal deputy director of the national economic council. he is also an assistant to the president for economic policy. he's somebody that many of you are familiar with. in the last several days in particular we've had a lot of questions and a lot of conversation about the issue of revenue, and how we achieve significant revenue as part of a broad deficit reduction package. it is the president's position, as you know, that we need to have income tax rates on the highest ear
they are feeling so good about the election, they have forgotten they have a duty to govern. a lot of people are going to suffer a lot if we go off the cliff. that is why we assumed democrats would have preferred to avoid it. we thought this was the perfect opportunity to do something. apparently we were wrong. >> at the beginning of wednesday's one house briefing, jason furman told reporters the plan to close loopholes and lower tax deductions would ultimately hurt the middle class. this...
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that's one principle i won't compromise on after all, this was a central question in the election. a clear majority of americans -- democrats, republicans and independents -- agreed with a balanced approach that asks something from everyone, but a little more from those who can most afford it. it's the only way to put our economy on a sustainable path without asking even more from the middle class. and it's the only kind of plan i'm willing to sign. everyone agrees we need to bring down our deficit and strengthen our economy for the long-term. the question is whether we can do it in a responsible way that allows us to keep investing in the things that have always made america strong. i'm convinced we can. and if both sides are willing to compromise, i believe we can give businesses and families a sense of security going into the new year. thanks, and have a great weekend. >> hello, i'm marco rubio. i have the honor of representing florida in the united states senate, and the privilege of addressing you today on behalf of my fellow republicans. our middle class has made america diff
that's one principle i won't compromise on after all, this was a central question in the election. a clear majority of americans -- democrats, republicans and independents -- agreed with a balanced approach that asks something from everyone, but a little more from those who can most afford it. it's the only way to put our economy on a sustainable path without asking even more from the middle class. and it's the only kind of plan i'm willing to sign. everyone agrees we need to bring down our...
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that's right, on election day. up next, pro-democracy, protests turning increasingly violence in egypt. how long dii can -- how long can president morsi remain silent, and how long did president obama do nothing? we'll ask lou: this is just in. a senior u.s. official as telling fox news that serious military has mixed chemical weapons and apparently is ready to use them. the chemical weapon has assembled a deadly nerve gas. the syriaa military has about 60 days in which to use this until it expires. it will then need to be destroyed. joining us now is the "a-team." james toronto, mary anne marsh, bradley graham. thank u all for being here. the national debt to the fiscal cliff. what are your thoughts? >> i don't think it matters all that much. i agree with bill clinton's comment from the earlier segment. >> im agreeing with him as a matter of analysis. it doesn't appear that obama is aiming to do something big and constructive here. he is aiming for a victory on a small point of dispute. that is sort of the lowest
that's right, on election day. up next, pro-democracy, protests turning increasingly violence in egypt. how long dii can -- how long can president morsi remain silent, and how long did president obama do nothing? we'll ask lou: this is just in. a senior u.s. official as telling fox news that serious military has mixed chemical weapons and apparently is ready to use them. the chemical weapon has assembled a deadly nerve gas. the syriaa military has about 60 days in which to use this until it...
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. >> after my election, i have more flexibility. >> i understand. i just need permission -- lou: a full report on the disturbing turn of events in syria and the likely price of russian cooperation on syria. another middle east dictator, egyptian leader, morsi, with a concession to the opponents inviting them to hold talks on the crisis. is that enough to appease proteste who plan larger demonstrations tomorrow? we'll be talking with fox news middle east expert while ferris in washington institute fellow eric trager, and president obama back on the campaig trail continuing to successfully dress up his ultimatum on higher taxes as a republican decision rather than his own declaration. his staff organized a sit-down wi a middle class family today in virginia claiming congress is to blame p they fail to yield to his ultimatum. why is the mainstream liberal media ignoring the reality it's the president's ultimatum driving us to the fiscal cliff? chris and senior writer for the weekly standard, steven hayes the guests here tonight. we begin with the dicta
. >> after my election, i have more flexibility. >> i understand. i just need permission -- lou: a full report on the disturbing turn of events in syria and the likely price of russian cooperation on syria. another middle east dictator, egyptian leader, morsi, with a concession to the opponents inviting them to hold talks on the crisis. is that enough to appease proteste who plan larger demonstrations tomorrow? we'll be talking with fox news middle east expert while ferris in...
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the election didn't happen. >> it's incredible. it's amazing watching john boehner reach for anything, simpson/bowles which, by the way, assumed that the tax cuts for the top 2% would be gone, but he forgets about that, and boehner is trying to offer the same exact policies that mitt romney ran and lost on, that the republicans tried to negotiate with the white house. it is incredible. and the only way i can explain this, the only way i can possibly figure it is that maybe boehner feels like he has to protect his caucus to the end, look like he fought until the last dog died for those 2% rates because then when he caves at the end, which he's going to have to do, he can at least say he tried. >> right. by the way, the white house has rejected his latest offer, which is where he was in august of 2011. by the way, here is the details of what boehner put forward. consists of $2.2 trillion in net savings over a decade. it would include $800 billion worth of revenue from changing the tax code. but not by raising rates. by the way, the s
the election didn't happen. >> it's incredible. it's amazing watching john boehner reach for anything, simpson/bowles which, by the way, assumed that the tax cuts for the top 2% would be gone, but he forgets about that, and boehner is trying to offer the same exact policies that mitt romney ran and lost on, that the republicans tried to negotiate with the white house. it is incredible. and the only way i can explain this, the only way i can possibly figure it is that maybe boehner feels...